Covered Bond Programme I

The legal basis for Covered Bond issues is articles 1-33 of Law 4920/2022 which transposed into national law the Directive (EU) 2019/2162 on Covered Bonds, as in force (the Covered Bonds Law). Pursuant to this Law, secondary legislation has been enacted to set out the regulatory framework with respect to the issuance of covered bonds, notably Bank of Greece Executive Committee Act nr. 215/1/03.02.2023 (the Secondary Covered Bonds Legislation).

Covered Bond Law adopted the grandfathering provisions of  Directive (EU) 2019/2162 and covered bonds issued prior to 8^th July 2022 that meet the requirements of Greek law 4099/2012 on UCITS, as in force at the time of their issuance, will continue to be referred to as covered bonds pursuant to this law until their maturity.

Overcollateralization

Covered Bond Programme I - Ratings

For more information please contact "[email protected]".